The healthcare business is one where you spend a great deal of time helping people feel better and making sure they are well taken care of. However, you need to keep money coming in if you’re going to stay in business. After all, you’re not running a charitable organization, and you need revenue to keep your doors open.
The problem is that billing many patients and insurance companies can be very difficult for the average small healthcare provider, and it can take up a huge portion of your time. Making sure you actually get the money when you send bills is also another problem for the small guy trying to care for sick people.
When it comes to billing you need to take some good advice when you see it. Use our guide to help you learn more about healthcare billing and how you can do it more successfully. Keeping your business open and functioning at its maximum capacity relies on it.
Discuss Payment Options
When patients who have insurance and are only partially covered come to you requesting payment options it is likely in your best interest to make them. While the arrangement can vary, many smaller healthcare providers do well with auto-debit solutions where a certain amount of money is taken out each month.
By doing this you’ll be able to help your patients make payments they can afford while ensuring you get your money. Getting full payments over the course of six months is a lot better for you than having to enter the collections process and never seeing a penny of what you are owed.
Seek Out Help
Sometimes you just can’t collect payments from your patients. When that happens, you need to seek help from outside collection agencies to get the money you’re entitled to or at least make payment arrangements.
Reputable online companies like Lanvera.com can help you with collections, but they can be involved in the billing process from the beginning, minimizing your accountability and helping you receive more money on time. Best of all, online payment companies can also help you with sample patient statements and drafting your regular statements so you get your money on time when you need it.
One of the hardest things about being a small healthcare provider is getting paid for your work. Get help when you need it!